COMPANY NEWS

COMPANY NEWS; SONY AND SHARP PICK C-CUBE'S CHIPS, LIFTING ITS STOCK

Published: August 22, 1995

Shares of C-Cube Microsystems Inc. rose 10 percent yesterday after the computer chip maker said the Sony Corporation and Sharp Electronics would use its technology for new entertainment products. Sony selected C-Cube chips for a new line of video compact disk players. And Sharp Electronics, which is owned by the Sharp Corporation, picked C-Cube to provide the technology for a new portable entertainment system. C-Cube, which is based in Milpitas, Calif., makes chips used in the compression of video clips for games and computers. The company's stock rose $4, to $44, in Nasdaq trading.